Rockingham Economic Development Corp (EIN 020474973) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

Scott Zeller

Phone

6037722655

Tax Period

2024-04-01 to 2025-03-31

Rockingham Economic Development Corp, founded in 1994, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Net assets of $12.9M represent 84 months of operating reserves.

Mission

To support and promote the economic stability and development and to create exmployment opportunities in Rockingham County and part of Hillsborough County.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $946,403

Program Service Revenue $735,734

Investment Income $130,768

Other Revenue $28,809

TOTAL REVENUE $1,841,714

Expense Breakdown

Grants Paid $86,485

Salaries & Benefits $1,179,704

Fundraising Expenses $91,898

Program Expenses $1,433,027

Other Expenses $598,686

TOTAL EXPENSES $1,864,875

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,841,714	$2,038,192	-0.1%
Expenses	$1,864,875	$1,716,537	+0.1%
Net Income	$-23,161	$321,655	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$503,141

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephen Falzone	Director	1.00	Director	$0	$0	$0
Robert McDonald	Director	1.00	Director	$0	$0	$0
George Sioras	Director	1.00	Director	$0	$0	$0
William Davis	Director	1.00	Director	$0	$0	$0
Andre Garron	Director	1.00	Director	$0	$0	$0
Michael Decelle	Director	1.00	Director	$0	$0	$0
Nancy Carmer	Director	1.00	Director	$0	$0	$0
Stephanie Santos	Director	1.00	Director	$0	$0	$0
John Randolph	Director	1.00	Director	$0	$0	$0
Thomas Conaton	Treasurer	1.00	Officer Director	$0	$0	$0
Scott Zeller	Chairman	1.00	Officer Director	$0	$0	$0
Dianne Connolly	Vice Chairman	1.00	Officer Director	$0	$0	$0
Laurel Adams	President	40.00	Officer	$255,704	$25,031	$280,735
Daniel Gray	Executive Vice President	40.00	Officer	$176,923	$45,483	$222,406

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$1,841,714	$1,864,875	$18,632,352	$-23,161
2024	$2,038,192	$1,716,537	$18,083,165	$321,655
2023	$2,388,683	$1,787,462	$17,997,679	$601,221
2022	$4,323,565	$1,755,303	$17,369,754	$2,568,262
2021	$1,802,902	$1,263,098	$11,568,268	$539,804
2020	$1,707,756	$1,097,850	$11,143,677	$609,906
2019	$914,523	$853,780	$9,885,488	$60,743

Rockingham Economic Development Corp